Forthcoming in Peter S. Menell & David L. Schwartz (eds.), Research Handbook on the Economics of Intellectual Property Law (Vol. II -- Analytical Methods) (Edward Elgar Publishing, 2016)
25 Pages Posted: 18 Aug 2015 Last revised: 16 Dec 2015
Date Written: July 25, 2015
The duration of a given patent’s life is a factor of two variables: first, the maximum term of protection afforded by law, and second, its owner’s willingness and ability to comply with periodic renewal obligations. This chapter reviews the theoretical and empirical literature related to both.
Keywords: patent term, patent renewal, maintenance fees
JEL Classification: O34
Suggested Citation: Suggested Citation